Watch List notes:

Brazil, 20000 reis, Pedro II, 1851, small bust, encapsulated NGC MS 64, finest known in NGC census by two grades. Russo-635; KM-463. Lustrous and well struck, just a little bagmarked, still quite exemplary as the best of 92 coins currently in the NGC census. Pedigreed to the New England Collection.

Estimate: $1750 - 2500